According to GBI Research, the global mania for smartphones will steer the future growth of the pico projector market, as growing consumer demands for the ability to make presentations, watch videos, and capture and see photos will promote new technological breakthroughs.
The new report “Pico Projectors Market to 2016 - Application in Portable Devices such as Smartphones, Digital Cameras and Laptops to Drive Growth” revealed that pico projectors are following the footprints of high resolution cameras, Wi-Fi, HD video recording and Bluetooth technologies that are essential attributes on majority of smartphones. The report provides vital information on the pico projectors market.
Pico projectors, also known as handheld projectors, can be utilized to project videos, presentations or photos into portable devices such as cameras, media players or cell phones. Pico projectors in smartphones will enable users to view their applications on a bigger screen.
Regular enhancements in image quality and minimizing product costs can further stimulate growth in the pico projectors market. Now, progress in laser technologies are required to contend with LED light sources present in pico projectors. Microvision, the developer of laser-based pico projectors, presently uses a composite green laser to produce a full color image.
Different companies, including Corning, Nichia, OSRAM, Soraa and Sumitomo SEI, are preparing to produce commercial direct green lasers by applying InGaN semiconductors with wavelengths ranging between 510 and 531 nm.
The worldwide pico projector market produced revenues of about $0.49 billion in 2011 and it is estimated to grow at a compound annual growth rate of about 75% during 2011–2016 to achieve $8.12 billion in 2016.
Source: http://www.gbiresearch.com/